Visitors look at cars on display at Taiyuan International Automobile Exhibition in Taiyuan, the capital of north China’s Shanxi province, in October 2018. Consumer confidence remains weak due to concerns over a slowing economy, job prospects and housing market uncertainties. Photo: Xinhua
David Brown
Opinion

Opinion

Macroscope by David Brown

China’s thrifty consumers are key to its economic growth – can Beijing convince them to spend more?

  • As China’s economy slows, in addition to loosening monetary policy and investing in technology to counter the impact of its falling birth rate, the country must strengthen welfare provisions, such as health care, to bolster consumer confidence

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Visitors look at cars on display at Taiyuan International Automobile Exhibition in Taiyuan, the capital of north China’s Shanxi province, in October 2018. Consumer confidence remains weak due to concerns over a slowing economy, job prospects and housing market uncertainties. Photo: Xinhua
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After three months in decline, China’s manufacturing activity returned to growth territory in March. Photo: Reuters

China’s services sector accelerates in March as manufacturing also sees upturn

  • Official non-manufacturing purchasing managers’ index rises 0.5 points from February to 54.8
  • Manufacturing gauge returns to positive territory after gaining 1.3 points from previous month, its biggest increase for seven years
Topic |   China economy

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After three months in decline, China’s manufacturing activity returned to growth territory in March. Photo: Reuters
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